Time For Defense?

My latest for Alpha Baskets looks at whether now is the time for portfolio defense. From the post; The S&P 500 went below its 200 say moving average a few days ago and so if that is your chosen trigger point I would not ignore it but that does not mean sell everything, I’ve never advocated getting completely out. Please click through to read the entire...

Weekly Market Update

This week’s Market Update is posted at Alpha Baskets; With all that went on, why not throw in a couple of sovereign debt downgrades? S&P cut France to AA and Finland, which uses the euro as its currency was downgraded to AA+ by S&P. The US of course long ago lost its AAA rating but at AA+ it is higher than that of France yet the US yields 105 basis points more. The recent trend of dollar strength reversed last week with the greenback weak against the yen, euro and British pound perhaps caused by Fed comments as well as the drop in yields. Please click through to read the entire...